Participants are hereby informed that the amendments to the Integrated Text of the Electricity Market Rules (hereinafter: ME Rules) and to the Natural-gas Market Rules (hereinafter MGAS Rules) have been approved by Decree of the Ministry of Economic Development (MiSE) dated 2 of August 2019, published on the MiSE website
i) new rules regarding the integrated management of guarantees on Energy Markets, MGP and MI, and on the spot gas market (hereinafter MP-GAS);
ii) simplification of operation and management processes related to the forms of guarantees posted.
The date from which the amendments to the ME and MGAS Rules become effective, that is to say when the netting begins on the MGP and MI markets and on the spot gas market (MP-GAS), is the trading day November 28, 2019.
On this, note that on November 28 the opening of MP-GAS, MI-GAS and MT-GAS will be postponed at 11.00am to safely and orderly carry on system switching operations.
In order to provide participants with an adequate time period to test the new MP-GAS, MI-GAS, MT-GAS, MGS, MPL, MGP and MI guarantees new management modalities, the GME will organise blank sessions between October 21 and October 31 according to the conditions that will be published on a specific notice.
The new versions of the ME Rules and MGAS Rules, as approved by the above provisions, as well as the corresponding updated Technical Rules, are made available below for mere information purposes.
Please note that until next November 28, the operations of the ME and MGAS will still be regulated by the provisions, published in the specific sections of the GME website.
Electricity Market Rules (containing Annex 1 – Market Participation Application; Annex 2 – Market Participation Agreement; Annex 3 – Integrated Bank Guarantee with no expiration; Annex 4 – Updating of Bank Guarantee submitted according to the Form referred to in Annex 3; Annex 5 – Integrated Bank Guarantee with expiration; Annex 6 - Updating of Bank Guarantee submitted according to the Form referred to in Annex 5)
Letter modifying the bank guarantee with no expiration
Letter modifying the bank guarantee with expiration
Letter modifying the non-interest-bearing cash deposit
Bank details communication form
ME Technical Rules
TR 3
TR 4
TR 7
TR 8
MPE TR 18
MTE TR 5
Natural-gas market Rules (containing Annex A – Market Participation Application; Annex B – Market Participation Agreement; Annex C – Integrated Bank Guarantee with no expiration; Annex D – Updating of Bank Guarantee submitted according to the Form referred to in Annex C; Annex E – Integrated Bank Guarantee with expiration; Annex F - Updating of Bank Guarantee submitted according to the Form referred to in Annex E; Annex G - Determination of the Results of the MPL and of the MGS)
Letter modifying the bank guarantee with no expiration
Letter modifying the non-interest-bearing cash deposit
Bank details communication form
MGAS guarantee distribution form
MGAS Technical Rules
TR 7
TR 12
TR 14
TR 15
TR 16
TR 17
TR 19
GUARANTEE TRANSITIONAL MANAGEMENT